Cash received of rs 1 lakh
This query is : Open
04 December 2015
if a pvt ltd co. receives rs 1 lakh in cash by sales of trees and other woods but not sale of scrap .is it advisable to records rs 1 cash in books as sales or not .what are the consequences if recorded as cash recd and shown as other income from income tax point of view
05 December 2015
Record in Books of Account Other Income
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